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ASSIGNMENT
DRIVEFALL 2016
PROGRAM BBA
SEMESTER II
SUBJECT CODE & NAME BBA 402MANAGEMENT ACCOUNTING
BK ID B1713
CREDIT 4
MARKS 60
Note:
Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Ques1 Differentiate between :
a) Standard Costing and Budgetary Control
b) Estimated Cost, Historical Cost and Standard Cost
Ans a. Differences between Budgetary Control and
Standard Costing
Although
budgetary control and standard costing both are based on some common
principles, both are pre-determined, and a comparison will be made with the
actual costs and both system need a
Ques2 Explain the method to prepare a Fund Flow
Statement. Give an example of Fund Flow Statement.
Ans Preparation of Fund Flow Statement
The
following is the procedure for preparing fund flow statement
1.
Determine the increase or decrease in working capital by preparing a statement
of changes in working capital
2.
Calculate funds from operations as depicted in Table 10.4. This is done by
taking the reported
Q3. It
is estimated that for producing one unit of product X, 10 lbs. of materials are
consumed. The standard price per lb of materials is Re. 0.50. During the month
of June, 30,000 lbs. of materials were used for producing 2,900 units of X. The
actual price of materials was Re. 0.48 per lb.
*
Calculate the variances.
Compute :
Material Cost Variance
Material Price Variance
Material Usage Variance
Answer: Calculation of variances
Standard
Ques4 Given the Balance
Sheet of a Company as under :
|
Liabilities
|
Rs.
|
Assets
|
Rs.
|
|
Equity shares of Rs. 10 each
|
10,00,000
|
Fixed Assets
|
15,00,000
|
|
General Reserves
|
2,00,000
|
Stock
|
5,00,000
|
|
7 % Debentures
|
3,00,000
|
Receivables
|
4,00,000
|
|
Term Loan from X Bank
|
5,00,000
|
Cash
|
1,00,000
|
|
Overdraft
|
2,00,000
|
|
|
|
Creditors and Bills
|
3,00,000
|
|
|
|
|
25,00,000
|
|
25,00,000
|
Calculate :
i) Current ratio
ii) Quick ratio
iii) Debt-equity ratio
iv) Proprietary ratio
v) Solvency ratio
Answer:
i) Current Ratio
Current ratio = Current Assets/ Current
Liabilities
Current Assets = Stock+ Receivables+ Cash
Ques5 What is Transfer Pricing ? Explain Transfer
Pricing options.
Ans Transfer pricing
is an important area of management accounting. Many departments are involved in
the production of a product in a manufacturing company. When the products are
sold, the company earns revenue and adds it to profits. If each department is
considered separately as a profit centre, we have to assign a price for the
movement of goods between departments
Ques6 If : S.P (p.u.) Rs.
100, V.C. (p.u.) Rs. 50,
Total Fixed Cost : Rs. 1, 00, 000
Find : i) BEP
ii) P/V Ratio
iii) Sales required to earn profit of Rs. 50,000
iv) New BEP if S.P. is reduced by 15 % due to competition.
Answer: contribution = s.p – v.c
= 100-50
=50
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